Reported Earlier, Penske Automotive Group Acquired Bill Brown Ford, Financial Terms Of The Transaction Was Not Disclosed; Expected To Add $550M In Estimated Annualized Revenue
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Penske Automotive Group (NYSE:PAG) has acquired Bill Brown Ford, adding an estimated $550 million in annualized revenue. This acquisition expands PAG's retail operations in the Midwest and includes over 200,000 square feet of facilities. Year-to-date, PAG's acquisitions represent nearly $2 billion in estimated annualized revenue.
July 16, 2024 | 2:26 pm
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Penske Automotive Group's acquisition of Bill Brown Ford is expected to add $550 million in annualized revenue and expand its presence in the Midwest. This acquisition is part of PAG's strategy to grow its retail operations, with year-to-date acquisitions totaling nearly $2 billion in estimated annualized revenue.
The acquisition of Bill Brown Ford significantly boosts PAG's revenue and expands its footprint in a key market. This aligns with PAG's growth strategy and is likely to positively impact its stock price in the short term.
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